Online Auctions Update January 9, 2016 Randy Ehli, CAI, GPPA Idaho Association of Professional Auctioneers
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Online AuctionsUpdate
January 9, 2016
Randy Ehli, CAI, GPPA
Idaho Association of Professional Auctioneers
Online Auctions In
Todays Marketplace
Who is not doing online auctions
Growth in online auctions
Innovation in online auctions
Transforming your auction business
Why are e-bays auctions down
Consumers / Bidders
Convenience Shopping
Sellers!
Ebay Auctions down 31% -3rd QTR
Amazon
Yahoo and others
Online auctions on the rise.Within The Auction Industry
Bid Spotter - October 2015
Live Web Cast Auctions – 95 Current Auctions 1,121 Past Auctions
Online Auctions – 77 Current Auctions 824 Past Auctions
Bid Spotter – January 2nd,2016
Live Web Cast Auctions – 51 Current Auctions
Online / Timed Auctions - 58
Sellers on Bid Spotter
Live Auctions
http://www.bidopia.com/
Online Auctions
http://www.bidopia.com/
Traditional Auction CompaniesRichie Brothers
https://www.equipmentone.com
Christie's - Spent 50 million to ramp up
for online auctions.
Many Major NAA Auction Companies
Alliances like marknetalliance.com
Live Auctions 169
Online Auctions 778
New Competitors
Auction Time
Iron Planet
Auction Zip
Public Surplus
Bid Venues
Others
InnovationFirst – What don’t we like about
online auctions.
Innovation
Innovation
InnovationReal Time Bidding Platform.
Responsive Design – Versus an APP
Online Chat System
Watch List – Add items to list in one click
Real Time Bid Watcher
Current Bids are updated in real time.
NO REFRESHING
Innovation In Online Auctions Software
Sellers
Bidders
Outbid Notices
Payments
Auction Companies
Real Time Bidding
Real Time Status
Real Time Status
Real Time Status
Real Time Bid Watcher
Trends In Mobile
GO Mobile
The smartphone is not mobile –
Your bidders are.
The IPad came out just 5 year ago.
Over 30 Percent of the bidding is now done
on mobile devices.
62% Mobile
The next mobile network
The next mobile network.
5G - 50 to 100 Times faster than 4G LTE that we have
now
3 to 5 years out
Verizon is hoping for 2017
Wi-Fi CERTIFIED Passpoint
Other Trends Extended Bidding
NAA still advocating Live Auctions withWebcast as the best method.
Cloud Computing
More auction lots being sold in one auction.
Online Auction Trends
Shorter Selling Times
When to Sell
Less Patience
“Customer Experience”
Secure Web Site / SSL
Online auctions are not just for niche auctions.
Online Auctions WorkDynamic Pricing
Convenience
Cost Effectiveness
The ball is back in the auction industries court.
Bid Online – Pick Up In Store
Scalable Business Model
Transforming An Industry
What is an auction?
Don’t Take My Microphone Away
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